When it comes to credit scores, there are a lot of misconceptions out there. A lot of people think that a good credit score is anything above 700. But what’s the right credit score for a college student? According to Reddit, it’s actually 690. That’s still pretty high, but it’s important to remember that your credit score changes over time and can go up or down depending on your financial habits. So how can you make sure that you maintain a good credit score while in college? Here are some tips!
What’s a good credit score for a college student on Reddit? Anything over 700 is acceptable.
The first question on every college student’s mind is, “What’s a good credit score?” This is a valid question because 60% of full-time college students don’t have any jobs and don’t have a cosigner. Fortunately, it’s easy to become an authorized user of someone else’s account. This way, you can establish a high credit score without any hassles.
Can a student with 700 credits get a good score in college? For students—or anyone—a score of 700 or above is generally considered a good score. Credit scores are affected by your credit history and how well you have managed debt in the past. Your credit score is influenced by your payment history. Late or missed payments can have serious consequences.
Is 700 considered a good credit score by a 22-year-old? Experian Credit Bureau says 700 is the ideal credit score. Credit Karma reports that the average credit score of 18-24-year-olds in credit scoring is 630, while the average credit score of 25-30-year-olds in credit scoring is 628.
What is the best score for college students with 650 credits? A college student’s credit score is 700-749 on the 300-850 credit-score-score scale. Scores between 750 and 850 are considered exceptional, while scores between 640 and 699 are considered fair. Anything below is considered bad credit.
What’s a good credit score for a college student on Reddit? – Similar Questions
What is a good credit score to have for a 21-year-old Reddit user?
You are solidly in “good” according to that score of 740+. 800+ is outstanding. You are excellent.
Is a credit score of 650 good?
A FICO score of 650 is considered fair—better than poor, but less than good. It falls below the national average FICO® Score of 710 and is solidly within the fair score range of 580 to 669.
What is the best credit score of 800?
Your 800 FICO® Score falls in the range of scores, from 800 to 850, which is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.
What is a good FICO score of 725?
A FICO® Score of 725 falls within a span of scores, from 670 to 739, that are categorized as Good. 21% of U.S. consumers’ FICO® Scores are in the Good range. Approximately 9% of consumers with Good FICO® Scores are likely to become seriously delinquent in the future.
Is 810 credit good?
Your 810 FICO® Score falls in the range of scores, from 800 to 850, which is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.
Are you able to score 850 on your credit report?
The truth is, Americans with a perfect 850 FICO® Score do exist. In fact, 1.2% of all FICO® Scores in the U.S. currently stand at 850. Think of it as the alternate—and perhaps slightly less glamorous—1 percent. You don’t have to be perfect in order to get credit at the lowest rates and terms.
Is 700 credit good?
A credit score of 700 is considered to be good for scores between 300 and 800. Excellent is a score of 800 or more in the same range. Credit scores ranging from 600 to 750 are common among consumers.
Is 665 considered to be a good credit score?
A FICO® Score of 665 places you within a population of consumers whose credit may be seen as Fair. Your 665 FICO® Score is lower than the average U.S. credit score. Consumers with FICO® Scores in the good range (670-739) or higher are generally offered significantly better borrowing terms.
Reddit, 654 is a good credit score
The average FICO® Score is 704, somewhat higher than your score of 654, which means you’ve got a great opportunity to improve. Your score of 654 compares well to the range for Good credit scores of 670-739.
Reddit: Is 690 considered a good credit score?
A 690 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. Experian offers a free credit report. You can then check your credit score and find the factors that have the greatest impact on your score.
What is a good credit score for a Reddit user aged 22?
Yes, very. You will get the best rate on a home loan or car loan if you have a credit score of 730. Just be a good person for at least a few more months, and you will be set for life. It is not necessary to try to improve it beyond that. Time will usually make it even better.
Is 660 considered a good credit score for buying a house
Conventional loans require a minimum credit score of 620. Some may require a score of at least 660. Jumbo loans are riskier because they involve greater risk. Credit scores of 700 and higher may be required for jumbo loans.
What is the average time it takes to get from a credit score of 650 to 700?
To establish enough credit history to obtain a FICO credit rating, which is used in 90%of lending decisions, it will take approximately six months. FICO credit scores range between 300 and 850. A score above 700 is considered to be good credit.
What credit score is required to get a loan of $5000?
What credit score is required to obtain a loan of $5,000? FICO 600 and above is required in order to qualify for a personal mortgage of $5,000. But, just because you are eligible for a personal loan of $5,000, does not mean you should.
Is a credit score of 900 good?
A credit score below 900 is considered either impossible or irrelevant. On the standard 300-850 range used by FICO and VantageScore, a credit score of 800+ is considered “perfect.” That’s because higher scores won’t really save you any money.
Is 828 a high credit score?
A FICO® Score of 828 is well above the average credit score of 704. An 828 FICO® Score is nearly perfect. Although you may still be able to improve your score, lenders will not see much difference in your score to scores closer to 850.
What is a good FICO score of 799?
Credit scores vary depending upon the credit scoring model. However, credit scores ranging from 580 to 669 to 670 to 739 to be considered fair and good to very good to excellent to outstanding to 800 are good to excellent.
What is 762 considered a good FICO score?
Your score falls within the 740-799 range, which is considered Very Good. A 762 FICO® Score is above the average credit score. Lenders may offer better interest rates to consumers in this range.
Can I buy a house if I have 725 credit?
According to FICO, a credit score of 725 is considered acceptable. Having good credit means you have more options for mortgages — and can expect interest rates between 3.62% and 4.12%. You can get lower interest rates with a credit score of 725.
With a credit score of 800, can you get anything?
Lenders will be impressed if you have a credit score of 800 or higher. A high credit score may help you qualify for better auto and mortgage terms. Credit cards may offer you better rewards and perks like access to airport lounges or free hotel breakfasts.
Is 760 considered a good credit score?
Your score falls in the range of 740-799 and is considered Very Good. A 760 FICO® Score is above the average credit score. Lenders may offer better interest rates to consumers in this range.